Retirement — Gov & Nonprofit
About this plan
A 457(f) plan is an executive deferred compensation arrangement for key employees at governmental and tax-exempt organizations. Unlike a 457(b), there are no IRS contribution limits — making it a powerful tool for supplementing compensation above standard plan caps. Contributions vest when a substantial risk of forfeiture is satisfied, creating a meaningful retention incentive.
What's Included
For Employers
When base compensation and 457(b) limits aren't enough to retain top executives, a 457(f) fills the gap. NBS prepares the plan document and administers the arrangement alongside your existing plans.
For Participants
A 457(f) defers a portion of your compensation until a vesting date — typically tied to continued employment. When you vest, the amount becomes taxable income. It's a retention-driven supplement to your other retirement benefits.
NBS administers more than 457(f) Plans
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also be interested in these related plans.
